Does Home Insurance Cover Water Damage? What Every Homeowner Should Know
Homeowners often wonder, “Does home insurance cover water damage?” Water damage comes in many forms and from many sources, but your standard homeowners insurance policy may not provide coverage for every type.
To help you better understand the limits of your homeowners' insurance, here is a basic guide to the types of water damage your policy won’t cover:
Making sure your home appliances and systems are in good working condition is critical for insurance as well as their functionality. Your home insurance can help you pay to repair damages caused by the sudden failure of an appliance, but it won’t cover you if the failure happened because of unresolved maintenance problems.
For example, if your floors are damaged because your dishwasher has been leaking for months, you wouldn’t be eligible for coverage.
Floods can be catastrophic and happen for a variety of reasons. Storms, overflowing bodies of water and over-saturated ground can all lead to flooding and property damage. Unfortunately, regardless of why the flood happens, the damage will not be covered by your homeowners insurance.
You can purchase separate flood insurance from the National Flood Insurance Program to protect you in case of flood damage. Mortgage lenders often require proof of flood insurance when you’re purchasing a home in certain regions where flooding is prevalent.
Most homeowners policies typically don’t include coverage for water damage caused by a sewer or drain backup. An outside water source backing up might cause serious damage to your floors or foundation, but you’ll likely need to purchase additional coverage to help with the repairs.
Home insurance can help you pay for many kinds of repairs to your home. However, it’s important to remember these types of water damage that require additional insurance policies.
Discover the details of the recent sale at 56 Emerson Rd, Walpole, MA.
Need more storage space? If you have old glass vases, you’re in luck!
A Milford home on two+ acres, offering comfort, convenience, and a low-maintenance lifestyle.
Market update for Millis, MA. Median list price, sale price, homes for sale, and days on market.
You pay monthly repayments with fixed interest until you pay off the loan.
Market update for Sherborn, MA. Median list price, sale price, homes for sale, and days on market.
Market update for Norfolk, MA. Median list price, sale price, homes for sale, and days on market.
Know what water damage your homeowner's insurance covers.
Market update for Medfield, MA. Median list price, sale price, homes for sale, and days on market.
Ready to get started? Fill out the form, or give me a call or text—I'm here to help at your pace. Once you reach out, here's what you can expect: We'll connect to discuss your needs and goals. I'll provide insights on current market trends and opportunities. Together, we'll create a plan that fits your timeline.
